If someone quoted govt work contract tender before the implementation of gst and his payment is reflecting in bank account after gst implementation (after 2-3 months ) Does he have to pay gst on work contract ??
Eg. If contract of Road of amount 23 lacs quoted on 28 june and payment will received after 2-3 months later from quoted date.How much gst will have to pay ?
rate of gst deduction by govt on civil work contractor
Page no : 2
Gurjeet
(Accounts)
(107 Points)
Replied 09 July 2017
GST is not apply in some condition:- 1. work is completed before 1 july,. 2. Bill is submitted before 1 july. Otherwise gst will payable.
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 10 July 2017
abrar if he is registered then u need not to pay. he will charge from u in his bill
Solanki Jiten
(2 Points)
Replied 26 July 2017
If a contractor submitt bill May-2017 does not pay his bill in the office before the June for any reason, and makes payment in July, then what would be the deduction of GST or VAT?
Recent Topics
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
Related Threads
CAclubindia
